In Q2 2018 alone the Dino Group generated 28% growth in revenues bringing them to PLN 1,423.5 million. Consolidated net profit in Q2 was PLN 70.5 million (+51% r/r).
At the end of June 2018, the Dino network numbered 849 stores, 172 more than in the corresponding period of last year. 74 new stores were opened in H1 2018.
Dino Polska continues to pursue rapid network expansion by opening new stores and securing new sites to continue its expansion. The selling area in the Dino stores at the end of June 2018 had grown 26.4% yoy to 324.9 thousand square meters.
In accordance with its strategy, Dino Polska plans to exceed 1,200 stores by the end of 2020. The fourth distribution center located in the town of Rzeszotary in the Lower Silesian region will support the network’s further expansion. This distribution center will begin operations before the end of 2018. The Group estimates that its CAPEX in 2018 will be PLN 600-650 million; in H1 2018 the Group’s capital expenditures totaled PLN 288 million.
“H1 2018 has brought more growth in the size of our business and very robust performance despite last year’s high base. We continue to deliver rapid Dino store network rollout and we are preparing more sites to open new stores. We are intensifying our footprint in the western part of Poland, but we are also expanding our presence more strongly in the central and northern parts of the country. We will soon open a new distribution center in Lower Silesia, the second largest region measured by the number of stores we have there. We will open more stores and this year we intend to surpass last year’s number of store openings (147). Our LFL sales result is very important to us; our goal is to keep it in the double digits. Business conditions are conducive to our operations; we see a stable level of consumption”, says Szymon Piduch, CEO of Dino Polska S.A.
Market environment
The growing retail grocery market in Poland and the favorable macroeconomic environment are conducive to the Dino network’s further expansion.
The attractive labor market, growing income enhancing Poles’ purchasing power and consumer price growth are acting as a boost to the overall sector and Dino’s segment – consisting of mid-sized supermarkets located close to customers’ places of residence. According to the Central Statistical Office (GUS), the Polish economy grew at a pace of 5.1% in Q2 2018.
The European Commission is forecasting growth in the Polish economy at a level of 4.6% in 2018 and 3.7% in 2019. The Commission’s report suggests that private consumption will continue to be the major driver of growth.
At the end of June 2018, the Dino network numbered 849 stores, 172 more than in the corresponding period of last year. 74 new stores were opened in H1 2018.
Dino Polska continues to pursue rapid network expansion by opening new stores and securing new sites to continue its expansion. The selling area in the Dino stores at the end of June 2018 had grown 26.4% yoy to 324.9 thousand square meters.
In accordance with its strategy, Dino Polska plans to exceed 1,200 stores by the end of 2020. The fourth distribution center located in the town of Rzeszotary in the Lower Silesian region will support the network’s further expansion. This distribution center will begin operations before the end of 2018. The Group estimates that its CAPEX in 2018 will be PLN 600-650 million; in H1 2018 the Group’s capital expenditures totaled PLN 288 million.
“H1 2018 has brought more growth in the size of our business and very robust performance despite last year’s high base. We continue to deliver rapid Dino store network rollout and we are preparing more sites to open new stores. We are intensifying our footprint in the western part of Poland, but we are also expanding our presence more strongly in the central and northern parts of the country. We will soon open a new distribution center in Lower Silesia, the second largest region measured by the number of stores we have there. We will open more stores and this year we intend to surpass last year’s number of store openings (147). Our LFL sales result is very important to us; our goal is to keep it in the double digits. Business conditions are conducive to our operations; we see a stable level of consumption”, says Szymon Piduch, CEO of Dino Polska S.A.
Market environment
The growing retail grocery market in Poland and the favorable macroeconomic environment are conducive to the Dino network’s further expansion.
The attractive labor market, growing income enhancing Poles’ purchasing power and consumer price growth are acting as a boost to the overall sector and Dino’s segment – consisting of mid-sized supermarkets located close to customers’ places of residence. According to the Central Statistical Office (GUS), the Polish economy grew at a pace of 5.1% in Q2 2018.
The European Commission is forecasting growth in the Polish economy at a level of 4.6% in 2018 and 3.7% in 2019. The Commission’s report suggests that private consumption will continue to be the major driver of growth.
